"the market seems to have missed what has been quite a steady growth story"
It also seems to have missed the outstanding growth that has occurred in North America. From North American revenue of only A$1M in FY19, Mader has proven its business model there with $132M in FY23, and $94M in only the last 6 months. Yet they have only started to scratch the surface. This makes it very hard to understand why the forward P/E level now (approx 25) is much lower than it was after the FY23 reports in August 2023, when it was nudging a forward P/E of 40. IMO any company achieving this sort of growth in NA should command quite a P/E premium for the growth rates on offer.
"the market seems to have missed what has been quite a steady...
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Last
$7.10 |
Change
0.040(0.57%) |
Mkt cap ! $1.42B | |||
| Open | High | Low | Value | Volume |
| $7.16 | $7.18 | $6.99 | $475.2K | 67.20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 208 | $7.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.16 | 245 | 1 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
$7.10 |
Change
0.040 ( 0.78 %) |
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| Open | High | Low | Volume | ||
| $7.13 | $7.15 | $7.00 | 12178 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| MAD (ASX) Chart |